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Cash advance solutions. Cover of this guide Payday Lending in Canada in a international context

Canadians of modest means tend to be kept without any choice but to borrow from the payday lender that is high-cost. Because these fringe lenders charge up to 390 percent annualized interest – well more than present customer borrowing prices at banking institutions and credit unions – people who can minimum manage to spend are forced to achieve this.

A brand new guide entitled, Payday Lending in Canada in an international Context: A Mature business with Chronic Challenges, is edited by Administrative Studies Professor Chris Robinson and Economics and Public Policy Professor Brenda Spotton Visano, as well as Jerry Buckland, a colleague at Menno Simons university (a University of Winnipeg affiliate). Continua a leggere